Straits Trading Company Ltd's stock plummeted 5.38% in pre-market trading on Friday, following the company's announcement of an expected higher net attributable loss for the fiscal year 2025.
The company stated that the anticipated worse financial result is primarily due to a net loss arising from the remeasurement of exchangeable bonds, along with other contributing factors. This negative profit warning prompted a sell-off among investors concerned about the company's financial performance.
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